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Volkswagen Buys 20 Percent Share in Suzuki

Months of rumors and a more credible report yesterday have culminated in the official news that Volkswagen will take a 20 percent share in Japanese automaker Suzuki, worth $2.5 billion. Volkswagen has its sights set on becoming the world’s largest automaker and with Suzuli’s small-car expertise, it hopes to make a large expansion into developing markets, like India. The news comes just a day after VW officially took a 49.9 percent stake in Porsche.

Suzuki Reports 2012-2013 Fiscal Year Results

Suzuki reported an operating loss of 11.9 billion yen (US$117.1 million) from its motorcycle business for its fiscal year ended March 31, 2013. The loss stems from a 10.7% decrease in motorcycles sales and a 9.6% decline in motorcycle revenue from its 2012-2013 fiscal year. According to Suzuki‘s year-end report, motorcycles accounted for 230.3 billion yen in sales revenue, down 254.8 billion yen reported the previous year.

Suzuki unveils long-range V-Strom 1000XT Adventure

Adventure is based on the 1000XT, a top-of-the-range 1037cc V-twin with 99 hp. and spoked wheels and differs from it in additional equipment. The set includes 37-litre aluminum saddlebags, a center stand, heated grips, roll bars and a distinctive blue-silver-white paint job.